Essays on Household Labour Market Participation, Housing, and Wealth Accumulation Decisions
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JOINT DECISIONS ON HOUSEHOLD MEMBERSHIP AND HUMAN CAPITAL ACCUMULATION OF YOUTHS: The role of expected earnings and labour market rationing
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UK commentators have noted for some time that the structure of the UK housing market may be detrimental to labour market flexibility. The early 1990s experience of negative housing equity which affected over 20% of home buyers may have “locked” home owners into property, reducing mobility and worsening further the flexibility of the labour market. The present paper uses UK household longitudina...
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